Thomas J. Herzfeld Advisors, Inc. - 30 Sep 2025 SCHEDULE 13G Report for HIGHLAND OPPORTUNITIES & INCOME FUND Common Stock (HFRO)

Filing Manager: Thomas J. Herzfeld Advisors, Inc.
Reporting Manager: Thomas J. Herzfeld Advisors, Inc.
Security: HIGHLAND OPPORTUNITIES & INCOME FUND Common Stock
Symbol: HFRO
Shares outstanding: 55,389,129 shares
Disclosed Ownership: 2,797,151 shares
Ownership: 5%
Form type: SCHEDULE 13G
Filing time: 29 Oct 2025, 08:00:21 UTC
Date of event: 30 Sep 2025
SEC: View on sec.gov

Reporting Managers (1)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
Thomas J. Herzfeld Advisors, Inc.	5%	2,797,151	2,797,151	0	/s/ Erik M. Herzfeld	Erik M. Herzfeld, President